A trended credit data report paints a more accurate picture of a borrower’s financial position by detailing their spending habits and ability to repay.
IS IT TIME TO UPGRADE YOUR AUTO LENDING PLATFORM?
If you can’t remember when your current auto lending platform was originally implemented, it’s probably time to consider an upgrade. Technological improvements in recent years deliver functionality that dramatically improves loan origination efficiency, lowers overall processing costs, and supports well-informed lending decisions.
HOW TO SELECT THE BEST LOAN SOFTWARE FOR CREDIT UNIONS
Credit unions are gaining market share in the US auto lending sector, according to a December 2021 article published in …
AUTO FINANCE INDUSTRY TRENDS 2023
Today’s lending market looks very different than it did even just a handful of years ago. More customers are checking auto prices and lending rates online to find the financing companies that offer the best deals. The result: An ultra-transparent and aggressively competitive market.
INDIRECT AUTO LENDING TRENDS IN 2023
The economic shutdown that occurred in early 2020 in the US due to the coronavirus pandemic reduced sales of new …
WHY COMMUNITY BANKS ARE OUTSOURCING LOAN SERVICING
In our work with community banks, many have voiced the need for greater efficiency in handling high-volume, repetitive loan servicing processes. We’ve identified three compelling reasons why community banks are outsourcing loan servicing.
HOW TO IMPROVE LENDING AND OPERATIONAL EFFICIENCY IN THE BANKING SECTOR
Though there was an uptick last year after a dramatic fall in 2020 due to the COVID pandemic, auto sales …
HOW AUTO LOAN SERVICING OUTSOURCING CAN BE MORE COST-EFFECTIVE
In-house processing was once one of the few effective options for banks, credit unions, and other lenders to manage their …
THE BEST BANKING FRAUD DETECTION FOR LENDERS
The ease of committing fraud using online resources has made banking fraud detection necessary for loan origination.
HOW THE BEST LENDERS SPOT STRAW BUYER RED FLAGS
What are the straw buyer red flags that lenders can use to identify fraud and prevent it from hurting portfolio performance? Any one or more of these characteristics are often the most obvious indicators of straw buyer fraud.
